- Australian consumers can now use bitcoin for everyday purchases at over 175 OTR locations and 250 Peregrine Corp. locations.
- OTR partnered with Crypto.com to provide instant fiat conversions from bitcoin to Australian dollars for the merchants.
- DataMesh Group provides payments infrastructure to bridge the gap between OTR and Crypto.com.
Australian consumers can now use their bitcoin for everyday purchases at more than 440 retail outlets owned by Peregrine Corp., including over 175 OTR fuel and convenience stores.
The feature is being implemented through a partnership with cryptocurrency exchange Crypto.com, according to a press release.
To use the service, consumers looking to use bitcoin or another cryptocurrency select Crypto.com as their payment method, which then generates a QR code. Then, the consumer just picks which currency they would like to use, scans the code, and the payment will instantly be settled in Australian dollars for the merchant.
DataMesh Group, a payments infrastructure provider, serves as the backbone connecting the retail locations to the cryptocurrency exchange.
“We know merchants are looking at many alternative payment instruments including crypto as an opportunity to diversify their payment streams and attract new customers, which is why we are determined to deliver integrated processing capabilities that will make crypto payments fast and accessible for all involved,” said Mark Nagy, CEO of DataMesh.
